Smart Tiles Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07434382

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		7,203		11,319
Tangible Assets	5		23,871		29,484

			31,074		40,803
CURRENT ASSETS
Stocks	6	285,310		370,681
Debtors	7	42,587		46,858
Cash at bank and in hand		57,758		31,125

		385,655		448,664
Creditors: Amounts Falling Due Within One Year	8	(141,738 )		(201,727 )

NET CURRENT ASSETS (LIABILITIES)			243,917		246,937

TOTAL ASSETS LESS CURRENT LIABILITIES			274,991		287,740

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,904 )		(7,753 )

NET ASSETS			269,087		279,987

CAPITAL AND RESERVES
Called up share capital	9		200		200
Profit and Loss Account			268,887		279,787

SHAREHOLDERS' FUNDS			269,087		279,987

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Smart Tiles Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Simon Byrne

Director

30/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Smart Tiles Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07434382 . The registered office is Unit 8a Shap Road Industrial Estate, Kendal, Cumbria, LA9 6NZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historic cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are a website. It is amortised to the profit and loss account over its estimated economic life of 5 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	20% reducing balance
Fixtures & Fittings	20% reducing balance

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Smart Tiles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.8. Taxation

Taxation represents the sum of the tax currently payable and deferred tax.

The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2023: 7)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 January 2024	60,000	20,580	80,580

As at 31 December 2024	60,000	20,580	80,580

Amortisation
As at 1 January 2024	60,000	9,261	69,261
Provided during the period	-	4,116	4,116

As at 31 December 2024	60,000	13,377	73,377

Net Book Value
As at 31 December 2024	-	7,203	7,203

As at 1 January 2024	-	11,319	11,319

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2024	31,602	25,760	112,680	170,042
Additions	-	-	691	691

As at 31 December 2024	31,602	25,760	113,371	170,733

...CONTINUED

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Smart Tiles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024	26,249	21,812	92,497	140,558
Provided during the period	1,339	790	4,175	6,304

As at 31 December 2024	27,588	22,602	96,672	146,862

Net Book Value
As at 31 December 2024	4,014	3,158	16,699	23,871

As at 1 January 2024	5,353	3,948	20,183	29,484

6. Stocks

	2024	2023
	£	£
Finished goods	285,310	370,681

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	35,372	41,623
Other debtors	7,215	5,235

	42,587	46,858

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	95,133	79,171
Bank loans and overdrafts	-	58,591
Other creditors	3,830	5,453
Taxation and social security	42,775	58,512

	141,738	201,727

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	200	200

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